Which Overview Defines Audit Strategy

question 162

Multiple Choice

Which overview defines audit strategy?

• A)The determination of the amount of time to spend testing the client's internal controls and conducting detailed testing of transactions and account balances.
• B)Gaining an understanding of the client, including identifying risk factors.
• C)Performing tests of controls and detailed substantive testing of transactions and accounts.
• D)Evaluation of results of the detailed testing in light of the auditor's understanding of the client and forming an opinion on the fair presentation of the client's financial statements.

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Definitions:

Tics

Involuntary, rapid, repeated movements or vocalizations that are non-rhythmic and can be suppressed temporarily.

Autism Spectrum Disorder

A range of neurodevelopmental disorders, characterized by challenges with social interaction, communication, and by restricted and repetitive behaviors.

Interpersonal Skills

The abilities used to communicate and interact effectively with other people both individually and in groups.

Chronic Major Depressive Disorder

A condition of mental health typified by enduring despondency or a lack of excitement in tasks, seriously impairing routine life activities.